Nine West Holdings – September M.O.R. Reports Operating Income of $7.2 million on $112.9 million in Total Revenue, $58 million in Reorganization Expenses

November 2, 2018 – Nine West Holdings filed with the U.S. Bankruptcy Court a monthly operating report for the period of September 2, 2018 to October 1, 2018 [Docket No. 801]. For the period, the consolidated Debtors reported operating income of $7.2 million and a net loss of $76.4 million on $112.9 million in total revenue. Operating expenses included (i) $81.7 million in cost of goods sold, (ii) $16.1 million in selling, general and administrative expenses and (iii) $7.7 million in depreciation and amortization. The net loss was impacted by (i) $58.0 million in reorganization expenses, comprised principally of $47.5 million in “elimination of debt issuance costs and valuation allowances on debt subject to compromise,” (ii) a $9.5 million charge related to “equity in losses of affiliates” and (iii) a $12.6 million charge related to “loss from discontinued operations.”

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